HE IS the second wealthiest Australian. His multi-billion-dollar casino empire spans the Asia Pacific. And his most recent romance was reportedly with a former Victoria’s Secret Angel.

From the outside, being James Packer looks like a pretty great gig.

But the billionaire businessman has opened up about the personal cost of his success, telling Forbes magazine that his home life is a “disaster”.

As the US business mag releases its annual list of the world’s billionaires (on which Mr Packer ranks 208th with a wealth of $US6.5 billion), the Crown Resorts chairman admits he’s made “a bunch of mistakes in my life”.

“Business is good right now, but now my personal life is a disaster,” he told the magazine.

“I had a marriage breakdown last year.

“The last thing I think I am is perfect. I’m just trying to do the best job I can. I’m trying to be the best father I can to my kids. I’m trying to do the best job I can running my business.”

Packer was recently linked to Miranda Kerr.Source:Getty Images

His ex-wife and the mother of his three children, Erica Packer.Source:Supplied

Mr Packer was romantically linked to supermodel Miranda Kerr in December, after splitting from wife Erica earlier in the year, but the liaison has never been confirmed.